Trades for Thursday, July 21, 2016: + $1,800 Profits

22 Jul Trades for Thursday, July 21, 2016: + $1,800 Profits

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9:33 – SHORT 1700 EBAY 29.64avg. COVERED 1200 at 29.44, out + .20, COVERED 500 at 29.50, out + .14             =          + $410

9:46 – SHORT 700 EBAY 29.75avg, COVERED 500 at 29.62, out + .13, COVERED 200 at 29.52, out + .23   =            + $88

9:50 – SHORT 300 SVXY 60.53, COVERED 60.03, out + .50    =          + $150

10:04 – SHORT 6500 QCOM 60.15avg, COVERED 5000 at 60.07limit, out + .08, COVERED 500 at 60.23, out - .08       =          + $360

10:24 – SHORT 2200 QCOM 60.12avg, COVERED 1200 at 59.93, out + .19, COVERED 1000 at 60.10, out + .02            =          + $248

10:44 – SHORT 400 QCOM 60.06, COVERED 59.93, out + .13          =          + $52

11:08 –BUY 500 SPY 217.04, STOPPED 217.05, out - .03       =          - $150

11:10 – BUY 500 EBAY 29.93, STOPPED 29.87, out - .05       =          - $25

11:14 – BUY 600 SPY 217.11avg, STOPPED 600 at 217.05, out - .06 =          - $36

11:20 – BUY 1200 SPY 217.12avg, STOPPED 217.04, out - .08          =          - $96

11:30 – SHORT 2000 FB 120.87avg, COVERED 1500 at 120.73, out + .14, COVERED 400 at 120.62, out + .25, COVERED 100 at 120.55, out + .32     =          + $342

11:57 – BUY 3000 EBAY 30.09avg, SOLD 2000 at 30.26, out + .17, SOLD 500 at 30.19, out + .10, SOLD 200 at 30.29, out + .20, SOLD 300 at 30.18, out + .09           =          + $457

Total Daily P/L:          + $1,800 Profits

 

Summary

SPY chopped on 60-minute make or breaks. We scaled into EBAY SHORTS off the open for nice scalps. QCOM squeezed to peak out at the 60.50 fib 1.618 for reversion back down to cover. SPY rejected 217.15 fib resistance to trigger a perfect storm breakdown allowed for SHORT FB perfect storm breakdown for nice leans. We hit EBAY on the strong buyfades for a nice squeeze towards the 30.30 coil resistance overshoots to scalp.  Closed out with + $1,800 Profits.